Kickapoo lucky eagle casino jackpots1/3/2024 ![]() ![]() The addition of House Advantage’s software and technology solutions lets Light & Wonder “capitalize on the growing convergence of digital and land-based gaming,” Light & Wonder interim CEO Matt Wilson said in a statement. The House Advantage acquisition helps Light & Wonder shore up its rewards program menu. ![]() House Advantage has a core platform called “HALo.” It provides an omnichannel loyalty and marketing solution. In October, Light & Wonder also announced the acquisition of privately held technology provider House Advantage. The company sees a total addressable market of up to $70 billion. New Focusīy divesting the lottery and sports betting units, Light & Wonder can focus on gaming machines and table games in land-based casinos, as well as iGaming, social gaming, and casual mobile gaming. That was down sharply from $8.8 billion at the end of last year. In April, the gaming company said its outstanding debt was $4 billion. The money generated in the transaction was used to pay off company debt. The sports betting unit was sold to Endeavor Group Holdings for $1.2 billion. The lottery business was sold to Brookfield Business Partners, a private equity firm, for $6.1 billion. As part of the reorganization, in 2021 Scientific Games sold off its lottery and sports betting businesses for $7.2 billion.
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